Scatec Solar: Kalkbuilt Project Nersa IPP Public Hearing ... · Scatec Solar – a brief overview...

July 2011 – page 1

copyright: Scatec Solar

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Scatec Solar: Kalkbuilt Project

Nersa IPP Public Hearing

Kimberly

5 March 2012



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Scatec Solar – a brief overview

Established: 2007, HQ in Oslo

Employees: 80

Main shareholders: Scatec* 62,5 %, Itochu 37.5 %

Unique vertically integrated, scalable and flexible business model

• All required competences in-house to ensure a successful project

Excellent track record across multiple markets in different roles and applications

• Track record of 180 MW installed, 60 MW under O&M, 50 MW sales of project rights

• Ownership of 22 MW of assets in Czech Republic, Italy and US

Healthy and diversified international project pipeline

• Gross pipeline of 2.3 GW across Europe, Africa, US and Japan

Strong network of local and international partners

• Local developers and land owners

• Suppliers and sub-contractors

• Banks and financing institutions

• International government agencies

Sulkov, Czech R 2010, 10 MWp

Milano, Italy 2010, 7.2 MWp

* Includes Scatec controlled shares



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Solutions: In house EPC and O&M capabilities

In-house capabilities

• Engineering

• Design

• Supply chain

management

• Project management

• Operation and

Maintenance

Track record of around 180 MW in Germany, Czech Republic, Italy and France

World’s first triple certified solar

system integrator for

• Quality (ISO 9001)

• Environment (ISO 14001)

• Occupational Health and Safety

(OHSAS 18001)

Ground mounted PV Roof top PV PV Carports

Sulkov, Czech R. 2010, 10

MWp

DHL roof, Italy, 2010, 7.2 MWp Quinciuex, France, 2011,

8MWp

Sample projects: MW sized power plants

Triple ISO certified

Solutions



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- Mature, Proven and Bankable

Technology

- Predictable

- Reliable

- Power delivered for 30 yrs

Energy security: A large driver of PV installations



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- PV is, per MW installed, the

most effective and efficient job

creator of all energy sources*

- Unskilled & semi-skilled

laborers can be sourced from

the local area for the

construction phase

- Manufacturing of the majority of

components and equiptment

can take place locally

Job Creation & Local Economic Development

*Source: ”Solar Generation V – 2008” by Greenpeace & European Photovoltaic Industry Association



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Summary of Environmental Process :

Kalkbuilt



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• No Negative environmental

Impacts!

• 16 Comments - none negative

• Zero Objections

• 8 comments of Support (including

NC Environment & Conservation)

• Creating 450 jobs

Interested & Affected Parties: A Summary



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Seamless integration with farming operation

Livestock kept safe :

Provides protection from predators & stock thieves (currently big issues)

Panels to provide shade from a scorching sun

Sharp edges are protected and cables hidden



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Site Selection Criteria, Solar Irradiation &

Grid connection



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Site selection



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No major issue foreseen to reach final close as planned 2011

Item Activity 44 45 46 47 48 49 50 51 52 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Selected for beeing prefered bidder

Finalise shareholders agreements

Recruit/appoint top mangement

Rezoning

Building permit/approval

Finalise land lease : Execute option, sign agreements and notarization

Submit application Nersa licencse - Pending input from Jed

Review Nersa generation license + sign

Submit application ESKOM budget quote

Eskom cost estimate received

Conclusion and acceptance of buget quotes

Finalise detailed design + approval

Prepare detailed contracts - EPCI, O&M, Management

Prepare sub-EPCI & O&M contract

Prepare equipment purchase contracts (modules, Inverters, HV equipment)

Detailed execution planning and design

Conclude all contracts

Setup rural development

Concept development HR/Training facilities with communities

Searching/defining accomodation facilities

Conditional rural HR-process (de Aar/Hanover)

Setup training facilities

Start training activities

Final legal, technical and insurance due diligence first draft ready

Final conlusions - legal technical and insurance Due Diligence

Prepare financial documents and agreements

Finalise /update financial model

Finacial model Audit

Final Credit Commetie Approval

Final financing documents and agreements & signing/Commercial close

CP satisfaction process

Financial close

Equity financing process with DBSA for BEE holding

Purchase and registration of shares of all shareholders

Final investment committee approvals

Satisfaction of equity CPs

Finalise PPA, IM, Distribution agreement - incl all annexes

Signing and final close

2012

June July

Final Close

MayMarch AprilFebruaryJanuary

Senior debt - project financing

EQUITY

DecemberNovember

Project company establishment & staffing

Project development - land, permits and licences and grid

EPCI & O&M delivery and contracts



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Broad Based Execution Methodology

• Corporate Social Responsibilities

• Local Economic Development

• Skills Development

• Job Creation

Wednesday 20th October 2010



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Broad Based Projects

Scatec Working with Communities before RFP!

– Scatec Solar has a long term LED and CSR outlook

Hays Primary School (Rural School near Kalkbuilt & Phillips town)

• Procurement of illustrated dictionaries for learners

• School Bags

• Calculators, CD Players & Stationary

• Assisting primary school up to grade 7

• Sprinkler System for Sports field

Mamelani Project

• Youth Health care education

• Developing subsistence skills

• HIV training programs

• Living Skills Program



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Skills Development Facilities

Facilities On Previous Projects

15

Welding Workshop Trainees at work

Welder on-site

Training facility – Boiler making and pipe fitting



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History of Success

Examples of training on previous projects

16

Medupi – Lecture Room

Chamdor Training Facility



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Kalkbuilt Job Creation Matrix

Job Classification Construction Operations

RSA Citizens 80% 80%

Black Citizens 50% 51%

Black skilled citizens 23% 33%

Skilled jobs 18% 20%

Citizens from Local Communities 21% 23%

Employment People-Months 2972 3068

Total Jobs Created* 450 12



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Long Term Commitment

• Phase 1 – 75Mw

• Phase 2 – submitting 180Mw

• Phase 3 – Submitting 175Mw

• Outcomes:

• 2480 jobs created over 5

years

• 96 jobs over a 25 year period

• Over 2500 people taking skills

into a new national industry!

Submission of Mw’s per Phase Jobs Created Per Phase

Construction

• Phase 1 - 450

• Phase 2 – 1020

• Phase 3 – 1010

• Total 2480

• Operation & Maintenance

• Phase 1 - 18

• Phase 2 – 40

• Phase 3 – 38

• Total 96

Long Term Job Creation Potential



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The Kalkbuilt Project will meet or exceed the threshold levels in all the required Economic Development areas

• Target levels are achieved for a number of Economic Development

Elements such as;

• Job Creation categories,

• Local Ownership,

• Management Control and Adjusted Socio-Economic Development

• In Addition value for money is created by;

– The Bid price submitted below the cap

– Substantial job creation

– Innovative and effective LED strategy

• Scatec’s LED score increases per phase while the Price comes down to achieve sustainable value for money



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Scatec Solar: Kalkbuilt Project

Power Production



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Power Production Year Max MW Total MWh Export MWh

1 72.5 (75 MWp)

137 273 135 900

2 72.5 (75 MWp) 136 858

135 489

3 72.5 (75 MWp) 136 303

134 940

4 72.5 (75 MWp) 135 748

134 391

5 72.5 (75 MWp) 135 194 133 842



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Corporate Structure



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BEE & Broad Based

Simacel Kalkbult Holding (Pty) Ltd is: • Level 4 B-BBEE Contributor • 65% black owned • 10.5% black women owned through a community trust • 12.5% owned by local communities as defined in the RFP



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Old Mutual Investment

Group South Africa

(pty) LTD

Scatec Solar AS

20%

12.5%

Equity

Investor

Project

Company

Simacel Kalkbult

Holding (pty) LTD

Standard Bank of

South Africa (pty) LTD

Kalkbult Project

Company (pty) LTD

10% 10%

60%

40 % South African Participation

Members of the Bidder

Kalkbult Local

Community Trust*

Black Women

Community Trust*



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For the great opportunity to build a sustainable industry & create much needed jobs for South Africa

Thank you!

Pfennighof, 1.7 MWp, Germany

Built by Scatec Solar in 2007

Scatec Solar: Kalkbuilt Project Nersa IPP Public Hearing ... · Scatec Solar – a brief overview...

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